There have been a lot of speculations regarding CM Kiran Kumar Reddy setting up a new political party though there is tension whether there would indeed be one by the end. At the same time there is talk that the entire backing for Kiran party's proposed has got a secret funder. It is reportedly coming from maverick leader and Congress leader from Vijayawada Lagadapati Rajagopal. Sources say that Lagadapati is actually the financier or say the main sponsor for Kiran's expenditure. Kiran's dharna recently at Jantar Mantar in Delhi was reportedly held on the insistence of Lagadapati. Kiran reportedly told him that since it was his idea, the Vijayawada MP should bear the total cost for which the grapevine is that Lagadapati had to spend huge amount. Moreover looking into how Lagadapati' s company Lanco Power has been getting its bill cleared on time, Lagadapati is obliging to take care of Kiran's expenditure but there is also some dilemma for the MP's followers whether all this expenditure for a new party will be a waste by the end! 

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